Coinbase, and Binance are not DeFi. Coinbase and Binance own Defi too --- by sheer weight of their marketplace presence and fake trading volume. The proof ---

Coinbase, and Binance are not DeFi. Coinbase and Binance own Defi too --- by sheer weight of their marketplace presence and fake trading volume. The proof --- try to find someone selling Bitcoin on Defi for a rate that differs significantly from Coinbase and Binance. Whoever has the gold makes the rules --- and it ain't DeFi. Binance and friends/accomplices have all the gold (aka stablecoins) they need to manipulate any coin they choose in whatever way they choose. If they need more, they can just mint some --- no questions asked. They effectively own the crypto market due to the lack of regulation.